The Better Than Cash Alliance is a partnership of governments, companies, and international organizations that accelerates the transition from cash to digital payments in order to help achieve the Sustainable Development Goals.
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Opening new payment gateways for merchants presents risks but much greater opportunities. Striking the right balance between fostering innovative services and managing risk is crucial.
This paper investigates the impact of mobile financial services - MFS (mobile money, and mobile credit and savings) on the informal sector using data from 101 emerging and developing countries over the period 2000-15.
Dhaka, November 20, 2019 - Media release by Government of Bangladesh: Building on what has been achieved so far, the government and the private sector have committed to working together to solve the challenges in ensuring all garment factories pay their workers digitally. The decision came from the Bangladesh Digital Wages Summit, which convened on 20 November in Dhaka.
Some African nations lead the world’s e-money businesses. And several are finding that leaving notes and coins behind is not only improving efficiency, safety and transparency, but it is also helping many people leave poverty behind.
This paper explores the nexus between financial inclusion and financial innovation by looking at data from 6 South Asian countries - including 4 Alliance members. It finds a positive relationship between the two and calls for policies keeping this relationship in mind.
No single initiative is a silver bullet for effective regulation but direct engagement between the regulator and innovator is crucial. Read the University of Cambridge and UNSGSA report on how regulators are innovating to better respond to financial innovation.
Interview with Gustavo Vega, President of the clearing house ACH Colombia
Introduction: Framing of our blog series on distributed ledger technology
Blockchain Series: Blog 1
Blockchain Series: Blog 2
Blockchain Series: Blog 3
Blockchain Series: Blog 4
Blockchain Series: Blog 5
Blockchain Series: Blog 6
This World Bank e-book features stories, videos, and pictures that illustrate how digital innovation not only enables access to financial services for low-income people but also serves as an enabler for delivering clean water, solar energy, education, and more. Most of the featured case studies are from our member countries!
This University of New South Wales paper proposes a framework – a Regulatory Diagnostic Toolkit (RDT) – designed to support financial regulators in emerging markets to advance their regulatory regimes for DFS.
World Bank joined hands with IFC on a project for digitizing and modernizing Côte d’Ivoire's social protection payments. Results show a reduction in administrative costs and better targeting of beneficiaries. Gender impact was high with 51% of 300K beneficiaries being women. Read more.
Across the global policy community, the jury is now in about the power of digital payments to drive financial inclusion, particularly for women and the poor; improve efficiency and transparency in business and government; and support new economic opportunities. However, there is no consensus around the specific policy mix that will enable this potential to be fully realized.
Transportation Series: Blog 1 (Introduction)